LETTER FROM THE PRESIDENT
Another annual meeting is in the books. Although we had a decent turnout, we still had only 4 candidates for 5 positions. Fortunately, we were able to convince a new resident to join us in 2020. His name is William Earnest and will be our Financial Director. William (Bill) was President on a previous HOA and has served in financial positions with other entities.
Bill Drake joined our Board this year after living here for numerous years. Bill is well known for helping many of our residents with home and yard issues. He has volunteered his time and efforts to the social committee events and has repaired various broken items in and around the clubhouse – too many to list actually. Bill will be leading the ACC team of homeowners through the homeowner improvement requests.
Welcome, Bill and Bill! We are blessed to get your talents.
We did achieve a quorum of votes and that allows us to go forward with our 2020 proposed budget. The 2019 budget produced an end of the year surplus of over $37,000 of unspent monies. This is in addition to the $36,500 which was placed into the reserves either through the capital program or monthly unspent dollars that was accounted for by budget designation. We spent almost $42,000 out of the reserves in 2019 for various improvements that were not part of our day to day budget. Overall we ended 2019 with a surplus of $31,500 so hopefully, we can duplicate that feat in 2020.
Looking forward we see less delinquencies beginning with 2018 – $50,000, $30,000 in 2019 to $23,000 in 2020. A large amount of the 2020 debt has been placed in agreed-upon payments which will bring those accounts current in the near future. This can be attributed to our aggressive and compassionate resolve to ensure everyone is paying their fair share. Shirley Cox our Secretary has taken the lead on this and works very closely with legal and CMA to ensure a good resolution.
I’ve spent most of my time talking about money which I believe is paramount to having a solid HOA, one that others would love to live in. Think about this, you move into Centennial Commons and you gain $1,600 of wealth immediately ($479,000 our bank account divided by 300 homes). I’ve said that the Board’s mission has to be the value of our homes. This thought should be in every decision we make, it (the decision) has to revolve around the thought of how will this improve the price of homes in our community.
Lastly, a successful community is one that knows and interacts with its neighbors. We have a social group that has events that attempts to get you out of your homes to interact with others. If you can find the time please try to participate and or join the committee if you’d like. We are always looking for new ideas and people to help.
Thanks for reading,
Don Roach, President